Dubai: job losses mount as boom becomes bust...

Dubai's rapid expansion in recent years provided jobs for millions. But the global financial meltdown has abruptly ended the dream for many people as more and more firms sack staff to cut costs.

Spectacular economic growth, spurred by a robust construction sector, lured people from far and wide to the booming city on the shores of the Gulf, tempted by high pay, low tax and -- for many Europeans -- the year-round sunshine.

Foreigners form most of the population in Dubai and with residency permits linked to employment many of the people who are losing their jobs face the added upheaval of leaving the country. More...

See also:

1. Booming Dubai about to go bust?
2. Dubai's Palm Jumeirah: wonder or blunder?
3. Dubai, dazzling the desert...